Answer:
In a free market economy, the market, not the government, determines prices. The interaction of consumers and producers determine the price in the market.
Explanation:
For edmentum!!!
In a free market economy, the market mot the government determines prices. The interactions of consumer and producers determine the market prices.
A market economy is a financial system in which demand and supply dictate the manufacturing of goods and services.
It is one in which goods are purchased and sold, and the prices are set by the free market, with as little external government intervention as possible. The capitalist system is based on a market economy.
Thus, prices in a free market economy are determined by the market rather than the authorities. Market prices are determined by the interplay of consumers and producers.
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